A new Coface survey on corporate credit risk management in China reveals that eight out of 10 corporates experienced overdue payments in 2014. Coface, a leading global credit insurance group, forecasts that GDP growth will slow down to 7% in 2015 (vs 7.4% in 2014.) As corporates are still facing the challenges of high debt levels, the high cost of financing and low profitability driven by overcapacity, Coface expects that non-payments will not improve in the short term.
Coface Country Risk Update: Belgium and Netherlands Upgraded, Brazil on Negative Watch, Business Environment in Russia Downgraded03/26/2015
Improvements in country risk are increasingly apparent in advanced countries, where growth is expected to rise 2.1% in 2015 according to a new country risk Panorama by global credit insurer Coface. The Eurozone records two positive changes with upgrades for the Netherlands and Belgium. The outlook varies widely for emerging countries, however, as Coface revises its growth forecast downward to 4.2%. Brazil and Ecuador have been placed under negative watch while the business environment assessment for Russia has been downgraded.
Coface today announced the appointment of Juan Saborido as Regional Manager North America, effective April 1, 2015. Juan, currently Deputy Regional Manager, takes over from Michael Ferrante, who will retire at the end of March.